education and learning
Why does the IRS keep holding my refund?
There are many reasons why the IRS may be holding your refund. You have unfiled or missing tax returns for prior tax years. The check was held or returned...
Latest Headlines
data and analysis
How do you balance 2 jobs?
How to manage two jobs Invest in a day planner. Writing daily tasks in a day planner is essential if you are working two jobs. Simplify everyday tasks. Yo...
education and learning
Can I claim my college student if she files her own taxes?
Can I claim my student’s income on my tax return? If your student is required to file their own return, you can still claim them as a dependent, but you w...
civics and society
When do you not have to file income tax?
If this is the only income you receive, then your gross income equals zero, and you don’t have to file a federal income tax return. But if you do earn oth...
health and wellbeing
What happens if you dont file self employment tax?
If you haven’t filed returns and paid self-employment tax, your earnings for those years won’t get counted toward your future Social Security benefits. Th...
media and communication
What happens if my husband has never filed taxes?
Other Considerations. If your husband has never filed a return and he was required by law to do so, the IRS might have filed substitute returns on his beh...
data and analysis
Do you need bank info to file taxes?
The Short Answer: Yes. The IRS probably already knows about many of your financial accounts, and the IRS can get information on how much is there. But, in...
science and technology
Can two unrelated people share a bank account?
Most often, joint accounts are held by one individual and a significant other, family member or business partner. However, any two people can open a joint...
data and analysis
Do I need payroll for 1099 employees?
Generally, since 1099 workers (freelancers and independent contractors) don’t receive wages, they must pay their own payroll taxes. For those who are self...
news
Do I get a stimulus check while on unemployment?
Yes, you can. As long as the annual income you’ve declared in your most recent tax return – either 2019 or 2020 – is within the eligibility thresholds for...
data and analysis
Can you withdraw funds from a SIMPLE IRA?
Withdrawals from SIMPLE IRAs Generally, you have to pay income tax on any amount you withdraw from your SIMPLE IRA. You may also have to pay an additional...
media and communication
What is the most common cause of disability in people over age 55?
The three most common causes of disability continued to be arthritis or rheumatism (affecting an estimated 8.6 million persons), back or spine problems (7...
data and analysis
Is it true that I never filed my tax return?
Last year I filed and paid my taxes on time as usual. I mailed the return via USPS. The IRS immediately cashed my check. However, my 2020 e-filed return w...